Why was the USDC created?
Everybody knows that some cryptocurrencies' values are highly volatile, so the market created stablecoin to offer users that seek to invest in digital currency, but willing to bear with low-risk price-change in cryptocurrency. Thus, USDC is an alternative that is worth investing .
USDC is the Largest stablecoin ecosystem
The data from www.circle.com website shows that the USDC has remained at a rapid growth pace. Starting from the early year 2020, its market value was around $0.5 billion, 8 months later, the value now is exceeding $2.5 billion and still remaining its growth. In other words, USDC market value skyrocketed 5.6 times within just 8 months.
How does the USDC function?
Simply put, the USDC is pledged with the US Dollar in the ratio of 1:1. While the US Dollar is regulated by the Federal Reserve and US Government, the value of USDC is reflected and mirrored the US Dollar as its fundamental value.
Bitkub as the No.1 Digital asset Exchange of Thailand, customers can rely on and trust as the company was authorised by the Securities and Exchange Commision (SEC), Thailand. In addition Bitkub has more than 35 assets to invest and trade.
Bitkub application is available for download at App Store and Play Store, or visit website www.bitkub.com/
Pitipoom Rugchoocheep (BA Internship)